Then a ‘Triple bottom chart pattern’ chart layout is found. The chart shows ‘Triple bottom chart pattern’. which is a positive pattern signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 4.624 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 4.624000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 5.120000000 |
| 2nd High | 4.682000000 |
| Next High | 4.624000000 |
| Current Price | 4.536000000 |
| Next Low | 4.348000000 |
| 2nd Low | 4.165000000 |
| 3rd Low | 4.133000000 |
4.454000000 – 4.335000000 – 4.624000000 – 4.348000000 – 4.165000000 – 4.133000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Northern Doji – Triple bottom chart pattern